Tag Archives: jpm

JPMorgan Chase Loses $2 Billion

JPMorgan Chase Breach of Fiduciary Duty

On May 10, 2012, JPMorgan Chase (JPM) disclosed a loss of approximately $2 billion related to the bank’s “synthetic credit portfolio.” This synthetic credit portfolio was a JPM managed portfolio that allegedly invested in the same type of complex derivatives that played a destructive role in the financial crisis. The CEO of JPMorgan Chase (JMP) has cautioned that this loss could “easily get worse,” but is not enough to topple the bank at this point.

The Company also acknowledged that its Corporate unit could post an $800 million loss in the second quarter. In reaction to this news, JPMorgan stock plunged over 6% in after hours trading.

Legal Help for JPM Investors

The Investment Losses and Shareholder Rights Law Firm of Gilman Law LLP has launched an investigation into alleged Breach of Fiduciary Duty claims by the Officers and Directors of JPMorgan Chase (JPM) concerning the massive trading losses announced by JPMorgan Chase’s CEO. Current shareholders of JPM common stock are encouraged to contact our securities attorneys to discuss your potential rights to recovery for this $2 billion loss in JPM common stock for free with no cost or obligation. JPM Investors may contact our experienced securities lawyers by calling (888) 252-0048 TOLL FREE or by completing our Free Consultation Form Online.

About Our Experienced Securities Attorneys

Our experienced securities attorneys have over 35 years of experience in securities law and have been involved in all major aspects of securities litigation. Our securities lawyers focus on cases involving stock manipulation, securities fraud, investments fraud, shareholder rights violations, and securities arbitration. For a free evaluation of your case or to obtain additional information, please contact our securities fraud attorneys for a free consultation by calling (888) 252-0048 Toll Free.

Awards & Recognition

Gilman Law LLP and its attorneys have been recognized by the leading legal publications and are listed in:

Avvo Rating
Life Member, Multi-Million Dollar Advocates Forum
Life Member, Million Dollar Advocates Forum
Super Lawyers
Lexis Nexis
LawDragon
Association of Trial Lawyers of America
Massachusetts Association of Woman’s Lawyers
American Association of Justice: Leaders Forum
American Bar Association and Member of the ABA Antitrust and Litigation Sections and Forum on Franchising and Litigation Section
Public Investors Arbitration Bar Association

Disclaimer: Please note that you are not considered a client until you have signed a retainer agreement and your case has been accepted by us. Prior results do not guarantee or predict a similar outcome with respect to any future matter. The information contained on this Web site is not medical advice or legal advice, and is not intended to be medical advice or legal advice. Nor is it a substitute for seeking appropriate medical, legal, or other professional advice. Please discuss any health or other concerns with your doctor or other healthcare professional. No recommendation or endorsement of Gilman Law LLP is implied by reference to any newspaper or television or radio station. Your use of this web site, or sending of email to Gilman Law LLP, does not create an attorney- client relationship between you and Gilman Law LLP.

Privacy Policy: Gilman Law LLP maintains the strict and confidential privacy of your message. We do not transfer your personal information, including your email address, to any third party. Information entered in the form will be used solely for informational purposes to assist in your case investigation.